The Competition Commission will look to smash the perceived dominance of the Big Four accountants this week when it publishes a hard-hitting list of reforms of the market.

Online dating group Cupid was today cleared of using fake profiles to lure new members but warned it needs to overhaul its operations.

Barclays has ridden to the rescue of the Big Four accountants as they face the threat of market-revolutionising reform from the Competition Commission.

Steer clear of KPMG executives in hunt to replace Hester and Hampton, bank told

The Financial Reporting Council (FRC), which is the accountancy watchdog, could be asked to try to foster competition in the audit market. The Competition Commission signalled this yesterday in its initial findings of a market review earlier this year.

The proposed regulatory clampdown of the "big four" accountants' dominance over the listed audit market was undermined yesterday with findings that suggest a massive improvement in the quality of their work.

The country's first listed infrastructure fund, HICL, is understood to be mulling a tilt for a portfolio of socially driven projects.

Two leagues may be split into three in mid-season in RFL restructuring proposals

The Financial Reporting Council (FRC) has announced it is looking at whether KPMG was independent when it audited Pendragon's financial statements for 2010 and 2011.

Prosecutors in California have filed criminal charges against the former KPMG partner who was fired last week amid allegations of leaking confidential information about companies he audited.

Outlook The accountancy firms responsible for the audits of this country's failed banks have yet to be hit by any serious aftershocks from the earthquake of the financial crisis. That might be changing, and not before time, because the issue represents the dog that hasn't barked.

KPMG has resigned as auditor ofthe US health care group Herbalife after one of its senior partners became embroiled in an insider trading scandal.